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Explained in plain English

Inflation's stubborn grip

Inflation is the rate at which prices for goods and services are rising. If it remains high, the Bank of England might feel pressured to increase interest rates to bring it under control, even if other economic signs are mixed.

Stories that explain this

Pound rises for a fourth week as markets expect interest rate hikes

Related explainers

Global market confidence Your holiday money Mortgage costs might rise UK exports get pricier Why 2% inflation? Why is 3.3% inflation bad? Why is 3.7% inflation a problem? What is 'above inflation'?

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